Land Scrip Law and Legal Definition

Land scrip is a negotiable instrument that entitles the holder, to possess specified areas of public land. This certificate shows that the purchase money for a certain portion of the public land has been paid to the officer entitled to receive it. The holder is usually a person or company engaged in public service. In the U.S., the greatest volume of scrip was given to soldiers of the American Revolution, the War of 1812, the Mexican-American War, and, in 1855, to veterans of all wars who had not previously received a land bounty or who had received less than 160 acres.